Home / Knowledge / News / Apparel/Garments / Bibby funds apparel industry growth
Bibby funds apparel industry growth
03
Jul '10
Bibby Financial Services (BFS) has seen an uptick in apparel companies that are seeking factoring facilities to fund growth. BFS added several firms in Q2, ranging from start-ups to established companies. They include:

• A new high-end menswear importer and manufacturer, based in Montecito, CA, will use its $500,000 facility to fulfill large orders domestically and abroad.
• An importer of men's and women's high fashion apparel will use its $750,000 facility to expand the number of brands it imports.
• A Gardena, CA-based company that imports and manufactures intimate/sleepwear will use its $300,000 facility to fund growth. It was attracted to the option of using BFS's Purchase Order financing as the need arises.
• A previously self-funded Los Angeles-based handbag and ladies accessory importer will use its $100,000 facility to grow its business.

“This increase in apparel clients is encouraging for the industry,” said Nick Hart, managing director, Bibby Financial Services' West Coast operations. “In Q1, we saw many start-up apparel companies that wanted a cash flow solution in place to position them for potential growth after 2009's tough trading conditions. Now, as we wrap up Q2, we see some of our current clients expanding as we take on even more small- and medium-sized apparel companies that are reacting to increased demand.”

Bibby Financial Services is a worldwide market-leading specialist of business cash flow solutions to small- and medium-sized enterprises. With offices in 8 North American cities and 11 countries around the world, its product portfolio includes receivables finance, factoring, export finance, purchase-order finance, specialist solutions for the staffing and trucking sectors, and it is an approved lender for the Export-Import Bank's working capital guarantee delegated authority program. Bibby Financial Services is a subsidiary of a 202-year-old privately held company based in the United Kingdom.

Bibby Financial Services (Holdings) Inc

Must ReadView All

L-R Manish Singhai, COO, Peter England; Vinai Kumar Saxena, chairman, KVIC; Ashish Dikshit, business head, ABFRL and Anshu Sinha, CEO, KVIC while signing agreement. Courtesy: ABFRL

Textiles | On 24th May 2017

Aditya Birla & KVIC enter into a strategic partnership

Aditya Birla Fashion and Retail Ltd (ABFRL) and Khadi and Village...

Courtesy: Jabong

Apparel/Garments | On 24th May 2017

Jabong Mood Store redefines online shopping in India

Jabong, India's leading online fashion retailer, has launched the...

Textiles | On 24th May 2017

Starlinger unveils FX 8.0 circular loom for fabric making

Starlinger, a leading supplier of machinery for woven plastic...

Interviews View All

Vidhyaa Shankar. S
A Ganapathi Chettiar

'The usage of knits is getting into the boundaries of woven fabrics'

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search